07/21/2026
If you missed our latest Quality of Earnings (QoE) article, here's a quick reminder.
One common mistake we see during a QoE engagement is confusing legitimate EBITDA normalization adjustments ("add-backs") with future opportunities. While both can influence how a buyer views a business, only one belongs in the Quality of Earnings analysis.
This article breaks down the difference through examples: https://www.ckhgroup.com/add-backs-the-qoe-normalization-adjustment/